By Matthew Richardson
The
United States and developed countries have long struggled to fashion robust and
comprehensive international anti-corruption programs, though the U.S. FCPA was
a strong early attempt. However, the scale of corruption in China is on another
scale entirely. Even Wang Jiarui, head of the Chinese Communist Party’s
international department, admits that the lack of a sanctions regime is a huge
challenge. With so many officials involved and
so many assets now overseas, whether the Party can even hope to create an
independent investigative body is an open question.
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